NorthRock Partners LLC Raises Stake in Intel Co. (NASDAQ:INTC)

NorthRock Partners LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 96.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 40,900 shares of the chip maker’s stock after buying an additional 20,117 shares during the period. NorthRock Partners LLC’s holdings in Intel were worth $820,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel during the 4th quarter worth $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several analyst reports. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, April 25th. Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Mizuho decreased their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Rosenblatt Securities lowered their price target on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $21.67.

Intel Stock Up 0.1%

INTC opened at $21.55 on Friday. The firm has a market cap of $94.00 billion, a P/E ratio of -4.92 and a beta of 1.15. The business’s fifty day simple moving average is $21.36 and its 200 day simple moving average is $21.69. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.